Poonawalla fincorps
Poonawalla fincorps

Capital Goods

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(Querist)
12 February 2010 Respected sirs,

How to take Vat Cr on Capital Goods? Pls explain with examples.

Thanks
M.Senthilkumar
999 44 755 95
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 February 2010 VAT credit on capital goods based on state VAT act specefic please tell which state
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Vishnu Saboo

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Vishnu Saboo (Expert)
13 February 2010 in normal course it may be taken in a block of five years, i.e. 20% for each year. but it may vary state to state as told by Ramesh.
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